Metro to enter Indonesia, aims for Latin America

METRO (MEOG.DE) (MEOG.DE) Chief Executive Eckhard Cordes said the company's supervisory board had approved expansion to Indonesia, and that the retailer planned to enter Latin America as soon as possible.

METRO AG is a Germany-based trading and retail Company. It acts as a holding Company for the METRO Group, which is organized within five sales brands: Metro Cash & Carry, Real, Media Markt, Saturn and Galeria Kaufhof GmbH. Metro Cash & Carry is engaged in self-service wholesale founded in 1964. Source: Reuters